Axelum Resources (PHS:AXLM) Change In Inventory : ₱149 Mil (TTM As of Dec. 2023)

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What is Axelum Resources Change In Inventory?

Axelum Resources's change in inventory for the quarter that ended in Dec. 2023 was ₱133 Mil. It means Axelum Resources's inventory declined by ₱133 Mil from Sep. 2023 to Dec. 2023 .

Axelum Resources's change in inventory for the fiscal year that ended in Dec. 2023 was ₱149 Mil. It means Axelum Resources's inventory declined by ₱149 Mil from Dec. 2022 to Dec. 2023 .

Axelum Resources's Total Inventories for the quarter that ended in Dec. 2023 was ₱2,012 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Axelum Resources's Days Inventory for the quarter that ended in Dec. 2023 was 165.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Axelum Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.55.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Axelum Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.52.

Axelum Resources Change In Inventory Historical Data

The historical data trend for Axelum Resources's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Axelum Resources Change In Inventory Chart

Axelum Resources Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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97.59

-214.33

-778.60

-474.40

148.68

Axelum Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															211.71	-71.69	13.36	74.45	132.56

Axelum Resources Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱149 Mil.

Axelum Resources (PHS:AXLM) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Axelum Resources's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2124.874	/	1169.732	*	365 / 4
	=	165.76

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Axelum Resources's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1169.732	/	2124.874
	=	0.55

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Axelum Resources's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2124.874	/	1401.789
	=	1.52

Axelum Resources Change In Inventory Related Terms

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Axelum Resources (PHS:AXLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Axelum Resources Corp (PHS:AXLM) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Tiano-Montalvan Streets, ICS Building, Cagayan de Oro, MSR, PHL, 9000

Website

https://www.axelum.ph

Axelum Resources Corp is engaged in the manufacturing and distributing of high-quality coconut products which are mostly distributed to domestic and international food and beverage companies, confectioneries, bakeries, private label supermarkets and grocery store chains, food service industries, and nutritional and personal care brands. The company's product segments are divided into coconut water, white meat (Desiccated coconut, Coconut milk powder, Coconut cream/milk, sweetened coconut), and by-products. Geographically, it derives a majority of its revenue from the Philippines and also has a presence in the United States of America and Australia.